NYSE moves trading from Knight Capital to GETCO after IT failure
Tuesday, August 07, 2012
The New York Stock Exchange (NYSE) has migrated trading away from Knight Capital to rival company GETCO, after an IT failure affected trading software.
Knight Capital revealed that I had experienced a glitch on the 1st of August that had resulted in multiple orders within the markets.
The transfer of trading has been assigned temporarily, according to the exchange, with Larry Liebowitz, chief operation officer at NYSE Euronext, saying: “Our first priority is to ensure market integrity and an orderly trading environment in which investors and all market participants have confidence.”